OTCPK:PALDF - Post by User
Post by
crow27on Oct 08, 2019 3:44pm
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Post# 30208793
200 Million Low
200 Million LowSo the word on the street is that the offer was low by at least 200 million??? Now lets just say we get another bidder or bidders and they offer that 200 million. Lets say the split is 150/50 Brookfield and us minority shareholders. Brookfield owns aprox 48 million shares and we own aprox 10 million shares. You do the quick math and that new offer would pay Brookfield aprox ($3.00 more) $19 per share and us small guys would get (5.00 more) $24.75 per/share.
Now lets just say a few offers are bounced back and forth and you can see how the value can rise quickly.
Yesterday aprox 2.7 shares traded and today so far we have around 2.4 million. This includes for all exchanges, not just the TSX.
The people buying at $19.65 are thinking this offer is super low and this will lead to other bidders entering the bidding war. Your worst case is that Impala is the only bidder and you are out at $19.74
If ever there should be a bidding war for a company then this is it folks. It's next to zero gamble at todays price.
You have Pd flirting with $1,700 USD and our quarterly results are going no where but up.
Other companies will not let Impala just steal this company with out a fight/war.